the principal officials of a city or town. [+] more examples [-] hide examples [+] Example sentences . So, C-O-R-P, now we pronounce it. Domestic/foreign business corporations and domestic and foreign limited liability companies are required to file a Biennial Statement every two years with the Department of State. An S corporation (S corp) is a tax designation for which an LLC or a corporation may apply. A corporation is a business or organization formed by a group of people, and it has rights and liabilities separate from those of the . A Corporation is a legal form of business that is separate from its owner. A corporation is a group of persons that sit together to make and run a business.this business is considered an entirely different human and not related . In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. corporation meaning: 1. a large company or group of companies that is controlled together as a single organization: 2…. A C corporation's profit is taxed twice—as business income at the entity level and the shareholder level when distributed as dividends or realized as capital gains. In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock. Pronunciation of corp with 1 audio pronunciation, 7 synonyms, 1 meaning, 1 translation, 27 sentences and more for corp. All you need to know about corporations and how this business legal structure works. A corporation is owned by stockholders (the people who buy shares of stock issued by the corporation). The definition of an S corporation and C corporation only differs slightly, yet these two types of business structures are unique. ( often cap.) What does the abbreviation CORP stand for? Eleemosynary Corporation Law and Legal Definition. A municipal corporation is a city, town, village, or borough that has governmental . 'The majority of creditors are large corporations and insurance and reinsurance companies.'. Nominating Family Members to the Board. corporation ( plural corporations ) A body corporate, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members. The Securities Investor Protection Corporation (SIPC) is a nonprofit corporation created by an act of Congress to protect the clients of brokerage firms that are forced into bankruptcy. Establishing branches in other countries. To be considered a multinational corporation, an organization must have at least one . A C corporation or C corp (named for being in subchapter "C" of the Internal Revenue code) is an independent legal entity owned by its shareholders. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. A corporation is a legal entity created through the laws of its state of incorporation. corporation - WordReference English dictionary, questions, discussion and forums. A family corporation definition will tell you it is a business owned exclusively or primarily by family members. corporation: [noun] a group of merchants or traders united in a trade guild (see guild 1). An S corporation is type of business entity that functions like a corporation, but is taxed like a partnership. Large corporation required to pay 100 percent of current year tax.. Large corporation C employs 200 expatriated employees who work in Belgium.. One of the factors used in this calculation is the "Large corporation amount" at line 415 of the T2 return.Large corporation opt-outIf you are a large corporation, you agree that regulations 40 to 62 . This is something that's short for the word corporation. Examples of Large corporation in a sentence. A benefit corporation, sometimes called a "B Corp," is a for-profit corporation that commits to create a material positive impact on society and the environment from the business and operations of the corporation.Like a traditional corporation, it pursues profit for the benefit of its shareholders, but a benefit corporation must also report on how it pursues a positive social environmental . A closed corporation is a company which does not raise funds from the public and instead operates with a small number shareholders to ensure supreme control over its functioning. Distinguishing Between Core and Corps and Corpse and Corp account. Corporation definition, an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members. the municipal authorities of a town or city. . 1. a large company or business organization. CORPORATION. Listen to the audio pronunciation in English. American tobacco corporations. [1913 . Families choose to establish this type of corporation to vest the business with limited . US Corporate Law at Wikibooks This page was last changed on 11 April 2022, at 06:53. , USA pronunciation n. Business an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, . ; Record yourself saying 'a corporation' in full sentences, then watch yourself and listen.You'll be able to mark your mistakes quite easily. In other words, one or more people get together and create a C-corporation by creating ownership shares. The corporation itself is nothing more than a legal entity. n. 1. an association of individuals, created by law and having an existence apart from that of its members as well as distinct and inherent powers and liabilities. corporation pronunciation. A corporation is owned by shareholders, and their ownership is represented by shares of stock. Definition of Corporation and Corporate Structure. 1. Eleemosynary Corporation is a corporation created for or devoted to charitable purposes or one supported by charity. (See Minnesota's adoption .) Break 'a corporation' down into sounds: say it out loud and exaggerate the sounds until you can consistently produce them. 1918, W. B. Maxwell, chapter 2, in The Mirror and the Lamp [1]: SIPC . A corporation is an organization—usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Here are 4 tips that should help you perfect your pronunciation of 'a corporation':. 1400-1450 Late Middle English. Information and translations of Corporation in the most comprehensive dictionary definitions resource on the web. Though it offers advantages, what differentiates this type of business or corporate entity from others is that it is . General types of business or company. +. 'The applicant was the largest creditor of the corporation and substantially financed its . Corporations can be for-profit, as businesses are, or not-for-profit, as charitable organizations . For federal income tax purposes, a C . Text is . In general, a corporation is formed under state law by the filing of articles of incorporation with the state. A multinational corporation is an organization that has assets or facilities in multiple countries. The shareholders are then responsible for paying individual income taxes on this income. x-corporation的發音，x-corporation的讀音，x-corporation怎麼讀，x-corporation sound English Dictionary Japanese Dictionary French Dictionary Korean Dictionary Russian Dictionary Chinese Dictionary Hindi American tobacco corporations. A corporation has a board of directors, which is a group of people elected by the shareholders to oversee the corporation's management. 3. An S corporation is a business entity which elects to pass business income and losses through to its shareholders. All Free. Corporation \Cor`po*ra"tion\ (k [^o]r`p [-o]*r [=a]"sh [u^]n), n. [L. corporatio incarnation: cf. Britannica Dictionary definition of CORPORATION. affiliate. Meaning of Corporation. Instead, profits or losses pass through to the shareholders' individual tax returns. Closed Corporation Definition. An S corp is owned by shareholders, but there's a limit to the total number of shareholders (usually 100) and profits aren't taxed at the corporate level. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Learn more. A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual. Learn how to say Danaher Corporation with EmmaSaying free pronunciation tutorials.http://www.emmasaying.com Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 . The corporation can own assets and have liabilities separate from its . Corporations have powers and liabilities separate and . More example sentences. Watch how to say and pronounce "corp"!Listen our video to compare your pronunciation!Want to know how other words sound like? B-Corporations are corporations that have received the seal of approval from B-Lab. affiliate. Definition: A corporation is a legal form of business that is separate from its owners. A C corporation (often referred to as C-corp) is a legal structure for businesses. : 10 Early incorporated entities were established by . Unlike a publicly-traded company, closely held corporations do not have to observe strict corporate regulatory norms regarding business . 3. A corporation is a legal entity registered with the state in which it is formed. A corporation is a legal entity that protects a business owner's personal assets from the corporation's debts, creditors of a corporation, and from lawsuits brought against the corporation. In business, B Corporation (also B Lab or B Corp) is a private certification of for-profit companies of their "social and environmental performance."It is distinct from the legal designation as a benefit corporation.B Corp certification is conferred by B Lab, a global nonprofit organization with offices in the United States, Europe, Canada, Australia and New Zealand, and a partnership in Latin . B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply . Under the law, corporations possess many of the same rights and responsibilities as individuals. Definition of Corporation. . How to say corporation in English? Expand Definition. Unformatted text preview: Corporation Definition - Within the context of Philippine law, a "corporation" is treated as an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence [Sec.2, Corporation Code].Cralaw o Artificial being - because of the law, they become a . Unlike subchapter C corporations, an S corporation (S corp) is not subject to the corporate income tax (CIT). The S Corp was created to encourage and support the creation of small and family businesses, while eliminating the double taxation that conventional corporations were subjected to. Corporation: Definition, Types, Formation, Maintenance. C Corporation. Individual states have the power to promulgate laws relating to the creation, organization and dissolution of corporations. S corporation (S corp): An S corporation (S corp) is a United States business that has filed for that status on the Internal Revenue Service form 2553. Corporate law dictates the formation, funding, dissolution, and governance and operations of a corporation. Unlike other certifications for businesses, B Lab is unique in our ability to measure a company's entire social and environmental impact. Exempt Corporation Definition. 2. Synonyms and related words. They can enter . The definition of an exempt corporation is as follows: In order to file as an exempt corporation you must meet the requirements of 391 (j) as follows: "…the term "exempt corporation" shall be defined as any . An aggregate corporation is an ideal body, created by law, composed of individuals united under a common name, the members of which succeed each other, so that the body continues the same, notwithstanding the changes of the individuals who compose it, and which for certain purposes is considered as a natural person. The goal of the corporate structure is to encourage for-profit companies to identify . I, pp. A corporation is a legal entity that is separate and distinct from its owners. The C corporation pays federal and state income taxes on earnings. S corporation refers to the special status entity exempted from paying corporate tax, which allows shareholders to be taxed only once when they receive the benefits by follow-through taxation, thereby avoiding double taxation at the corporate level under a special chapter of IRS so that all the rules specified in the chapter shall be complied with. [count] : a large business or organization that under the law has the rights and duties of an individual and follows a specific purpose. 1 A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. 1. a large company or business organization. 499-712, Wb. Corporation Definition. It outlines specific tax and management rules that owners, or shareholders, must adhere to when setting up and running their corporate entity. In addition to being profitable, a benefit corporation assumes the legal responsibility of considering its impact on society and the environment. Meaning: corporal. When the earnings are distributed to the shareholders as dividends, this income is subject to another round of taxation (shareholder's income). Corporation: Definition, Types, Formation, Maintenance. Essentially, the C corporations' earnings are taxed twice. Corporation definition: A corporation is a large business or company. Municipal Corporation: An incorporated political subdivision of a state that is composed of the citizens of a designated geographic area and which performs certain state functions on a local level and possesses such powers as are conferred upon it by the state. They are granted tax-exempt status by the Internal Revenue Service (IRS) and . Noun. The stock of . An S Corp, also known as the subchapter or small business corporation, is a tax code that was enacted into law by Congress in 1958. Corp. definition, corporal. Here are 4 tips that should help you perfect your pronunciation of 'a corporation':. Break 'a corporation' down into sounds: say it out loud and exaggerate the sounds until you can consistently produce them. The corporation is liable for the actions and finances of the business - the shareholders are not. cor•po•ra•tion. The shareholders are the investors and people who actually own the company. A corporation is a business or organization formed by a group of people, and it has rights and liabilities separate from those of the . See more. +. Look for korps, trunchi, corpor. Corporate law dictates the formation, funding, dissolution, and governance and operations of a corporation. An S corporation is a way of forming a business so that it pays less tax than other types of corporations. The board of directors is elected to make decisions . account. In a family corporation, the shareholders are relatives and the stock is largely held by one family. S Corporation. In other words, it's a business that is a separate legal entity from its shareholders. A nonprofit corporation is an organization dedicated to serving the public and is aimed towards particular social causes, such as charitable, educational, or religious matters. It has most of the rights and responsibilities of a regular person, like the right to buy, sell, and own property, enter into contracts, hire employees, own assets, loan and borrow money, and be . Forming a Corporation. Corporations are governed by both federal laws . While they typically have a main office in their home country, these organizations may have offices, factories and other locations spread out across the globe. F. corporation corporation.] You know, from the business world the corporation is the type of company. How to say corporation. A corporation that elects to be taxed as a corporation. 13 d 7. When creating an S corporation, which is an option for corporations with fewer than 100 . A corporation is a form of organization that has an existence independent of its owners. All of the corporate income, losses, deductions, and taxes are paid by the shareholders, rather than by the corporation itself. The basic corporate structure consists of the shareholders, board of directors, and officers. It is a corporation created, not for private gain or profit, but for the administration of a charitable trust or for a charitable purpose, such as the maintenance of a hospital. Corporations are governed by both federal laws . These types of businesses operate on creating social impact, rather than making a profit. The legal definition of Corporation is A legal entity, created under the authority of a statute, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which then pursues set objectives, and is empowered with legal rights usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan . The filing period is the calendar month in which the original Certificate of Incorporation, Articles of Organization, or Application for Authority was filed. acquisition. A corporation is a business entity that is owned by its shareholder (s), who elect a board of directors to oversee the organization's activities. The biggest benefit of choosing this form of legal entity is that it is exempt from paying federal and state . Definition of Corporation in the Definitions.net dictionary. By Coryanne Hicks | April 8, 2022, at 5:15 p.m. Number one: We have "corp.". Corporation. The following are some of the advantages and disadvantages of multinational corporations. He works as a consultant for/to several large corporations. Expand Definition. Origin. noun. How to say corp in English? By Coryanne Hicks | April 8, 2022. Okay, so nothing strange there, it's pretty easy. See more. A corporation is a business or organization created and lead by a group of people, but is legally considered a separate entity from its stakeholders. It may be a nonprofit organization engaged inactivates for the public or private . A corporation can also take special deductions. Synonyms and related words. General types of business or company. Just the way it's written "corp," "corp.". Learn more. Definition of corporation noun in Oxford Advanced American Dictionary. ; Record yourself saying 'a corporation' in full sentences, then watch yourself and listen.You'll be able to mark your mistakes quite easily. Definition of a Corporation. c. 800, Würzburg Glosses on the Pauline Epistles, published in Thesaurus Palaeohibernicus (reprinted 1987, Dublin Institute for Advanced Studies), edited and with translations by Whitley Stokes and John Strachan, vol. As a community focused B-Corporation, IIT is dedicated to assuring that its partners are better able to realize cost reductions and invest in their mission-related goals. This is done by letting shareholders file their taxes using the company's income and . Many states follow the Model Business Corporation Act. Benefit corporation is a type of corporate structure recognized by some state governments in the United States. Corporations have several distinguishing characteristics: 1. A C corporation is essentially a standard corporation, whereas an S corporation is a business that has elected a special tax status. Definition: A C-corporation is a fictitious legal entity that is created to run a business by common ownership. This entity acts as a legal shield for its owners, which means that they are generally not liable for the corporation's actions, though they can benefit from dividend payments and any appreciation in the value of their shares . Definition of corporation noun in Oxford Advanced Learner's Dictionary. Although an MNC is a vast corporation, businesses in this category have their benefits and drawbacks. The Delaware Code allows a qualified domestic corporation to file as an exempt corporation. Note that for a corporation to qualify . Characteristics of Multinational Corporation. A corporation is a legal entity whose investors purchase shares of stock as evidence of their ownership interest in it. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. 2. an incorporated business; company. This allows the business to become a "pass-through entity," avoiding taxation at . A corporation is a legal entity that protects a business owner's personal assets from the corporation's debts, creditors of a corporation, and from lawsuits brought against the corporation. | Meaning, pronunciation, translations and examples A nonprofit corporation is an organization formed to serve the public good, such as for charitable, religious, educational, or other public service reasons, rather than purely for the creation of profit itself, as businesses aim to do. corp m ( genitive coirp or cuirp, nominative plural coirp or cuirp ) (human) body. Noun. You may wish to consult the law of the state in which the organization is incorporated. As implied by the name, multinational MNC conducts business in . Corporation Origins of corporations, their history, legal definition and current issues. The state must generally date-stamp the articles before they are effective. a community development corporation. Benefit corporations aim to promote public good; easily adapted to co-op principles. An organization, created under authority of law, which exists independent of its members, and holds powers, authority, and liability distinct and separate from its members. Pronunciation of corporation with 3 audio pronunciations, 10 synonyms, 1 meaning, 9 translations, 24 sentences and more for corporation. S Corporation Definition. acquisition. > corporation Definition | meaning | Example < /a > examples of corporation! 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